Plus5 Trade review – Is Plus5 Trade scam or a reliable broker?

About the broker

Plus5 Trade is an FX and CFD broker that  seems to be focused on ways to better the user experience. With the new features it offers, customers can trade across popular markets, taking advantage of tight trading costs and fast execution. Choosing a new broker to work with is a personal decision that should be made based on several variables. 

In case you want to find out the core advantages of working with Plus5 Trade, you can read this review. Ultimately, the decision of whether to work with this brand or not is yours and yours alone, but we hope to help you make a smart choice.

Markets

Based on information shared via its website, with Plus5 Trade, traders can buy or sell hundreds of different asset classes, including:

• Crypto
• FX
• Commodities
• Shares
• Indices
• Precious metals

With a diversity of assets granted, it’s a lot easier to spot trending instruments at any point throughout the day. You can find various assets in each category, including some that are very liquid and carry tight trading costs. Cryptocurrency trading continues to be of great interest to the wider public, especially since the start of 2023, when these assets managed to rebound from their lows. 

Platforms

The trading platform supported by Plus5 Trade is MetaTrader 4. With 15+ years of operation, during which many updates have been provided, this solution morphed into the multi-asset software it is today, flexible enough for any type of trading style.

When using MT4 traders benefit from a user-friendly interface, a variety of popular indicators, updated market information and multiple order types. On top of that, this platform can be downloaded from the web to suit any device you might have. Desktop PCs, laptops, smartphones and tablets are all compatible with MetaTrader 4. 

Keeping things simple and ensuring strong financial security is important when approaching the markets, and that’s why traders continue to rely on MetaTrader 4, even today.

Account opening process

Registering a new trading account is as simple as “1-2-3”. The broker asks every user to provide their full name, email address and phone number. You also have to confirm that you are over 18 and that you are not a U.S. citizen, nor do you have any tax obligations in the U.S. 

Once the account is open, you can move ahead by submitting the verification documents demanded by the company. You get access to all functionalities once an account is fully verified. 

Making a deposit with Plus5 Trade is also convenient thanks to the many payment channels accepted. The easiest way to fund your account with fiat is via a credit or debit card. A second option is bank wire, but keep in mind transaction processing takes longer in this case. The broker accepts selected crypto as well. 

Conclusion

Plus5 Trade comes to the market with a modern trading offer, addressing all sorts of online traders. Both beginners and professionals are welcome to join and the deposit requirements are very low. Trading in this environment is something anyone can master, thanks to the resources granted by the broker.